Bitcoin is going down.

[death69]

Bros, compatriots, and fellow earthlings, lend me your auditory organs! I've got a ripping yarn about Bitcoin's rollercoaster ride.

You might think Bitcoin's latest nosedive heralds impending doom, but chillax! As a sagacious philosopher once quipped, "A coin that soars must also plunge, and who knows? Perhaps it'll skyrocket again!"

The lowdown is, nobody's got a crystal ball for this market. However, by crunching numbers and scrutinizing market trends like a boss, we can up our winning chances and make savvy calls on when to buy, sell, or hodl.

So, to all you crypto wranglers, giddy up! Keep your peepers peeled for market cues and pointers, and don't be spooked to change tack when a fresh gust blows your way.

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[Litzki1990]

The Bitcoin market has been seeing some changes for just two days. And this change is negative for Bitcoin. From where the market used to hover between $30-31K the market has suddenly reached $28K. 

Suddenly, some bad news about Bitcoin has hit the market, which is why people are selling their Bitcoins. A few days ago the market moved from $30K to $28K but from there the market recovered again but according to your information the market may go down further from $28K. But I still want to trust Bitcoin. Hopefully the dumping in the Bitcoin market is temporary. Market will recover soon.

[Yatsan]

Not only bitcoin but majority of the cryptos in the market
 My take on this is correction. If we would recall, the market price of cryptos continuously increased in a consistent manner which makes it less surprising to know that correction would occur given that there is a long overbought on a particular price area. Right now, we won't know how low will the price fall so for now, waiting for things to calm down or stabilize would be the best thing to do than to go either against or with the flow of the market price. Waiting for its bottom would be a hard thing to do so atleast manage the expectations; things won't be certain. Price of Bitcoin could fall 'til 28k or even 24k if market would allow. So for now, wait.

[DiMarxist]

the market will remain to fluctuate and it is highly unlikely that the bitcoin market will not be stable. Bitcoin rising and falling is normal in the market, so it's doesn't matter because  The market of bitcoin price will continue to speculates until infinity, invest when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.But before you invest you have to understand the market and the risk involved. The price of bitcoin market is unpredictable.

[Taskford]

Not only bitcoin but majority of the cryptos in the market
 My take on this is correction. If we would recall, the market price of cryptos continuously increased in a consistent manner which makes it less surprising to know that correction would occur given that there is a long overbought on a particular price area.

Nothing new about this since normally once bitcoin goes with good pumps for couple of days these correction things always comes next. So its not really good to get panic with this situation since you will just lose your money if you freak out on small movements since recovery would provably came with it.

Right now, we won't know how low will the price fall so for now, waiting for things to calm down or stabilize would be the best thing to do than to go either against or with the flow of the market price. Waiting for its bottom would be a hard thing to do so atleast manage the expectations; things won't be certain. Price of Bitcoin could fall 'til 28k or even 24k if market would allow. So for now, wait.

Price could possibly reach at $24k but I think this is to much deep which a huge fud needed before it can move the market to more lower than this. I guess the price will drop up to $26k and will comeback at $30k since people will be hype again for future halving thoughts which they think a big pump will came.

[Dave1]

The Bitcoin market has been seeing some changes for just two days. And this change is negative for Bitcoin. From where the market used to hover between $30-31K the market has suddenly reached $28K. 

It's not that sudden though, and to be honest, we have been trading sideways at $28k for more than 10 days before it goes to $30k-$31k. So I must say that we are back where we started, so neither we lost money or gain (if we didn't do anything of our holdings).

Suddenly, some bad news about Bitcoin has hit the market, which is why people are selling their Bitcoins. A few days ago the market moved from $30K to $28K but from there the market recovered again but according to your information the market may go down further from $28K. But I still want to trust Bitcoin. Hopefully the dumping in the Bitcoin market is temporary. Market will recover soon.

There's no bad news that I'm aware of, it's just investors and speculators might have been taking profit when the price rose to $31k. That is normal though, as and we can see this could be a healthy corrections and it might drive the price higher in the next break out run.

[aryana42]

I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.

[borovichok]

I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.

Market corrections are actually a great opportunity to stock up on additional bitcoin because as the bull run is about to start, some traders tend to regret their decisions while others are extremely pleased with them. Although a market correction could occur at any time, the chart appears to be in a decline since a few days ago. Bitcoin's price will eventually increase because it is so erratic. The bull season is still to come, but before we can start enjoying trade winnings, we must be patient. Bitcoin will consolidate shortly.

[CarnagexD]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

It depends of course on what kind of a participant you are in market. Are you there short term day trading? medium term position trading? long term investing?
If you are reading this and you find this insightful, then good for you.
If this does not resonate with you, then simply disregard it and stick to your trading plan.

I agree with the same analysis. However, we have different frameworks and lenses in the marketplace.
It could be evident as a fake run, but some see it as an opportunity to day trade the volatility higher before going lower, or some see it as a good opportunity to dollar average in.
There is no one way to skin a cat. As long as you are profiting in the market, then you are doing it right.

The goal is not to be right. We all aim to make money.

I am waiting for market dumping, so I hope what you say will come true. Many people still hope and believe that bitcoin will not fall and go higher, but to me, I don't like short-term recovery, I am waiting for the halving, and bitcoin will go to the moon. So bitcoin price drop now will be good for me as I have a lot of USDT and still haven't bought bitcoin.

Hope and emotion trading is what make investors lose their money. They trade out of fear of either losing money or not being in the move.
Price could be anywhere at this point. But only those who have their investing and trading plan can make money consistently in the market.

[Poker Player]

Market corrections are actually a great opportunity to stock up on additional bitcoin because as the bull run is about to start, some traders tend to regret their decisions while others are extremely pleased with them. Although a market correction could occur at any time, the chart appears to be in a decline since a few days ago. Bitcoin's price will eventually increase because it is so erratic. The bull season is still to come, but before we can start enjoying trade winnings, we must be patient. Bitcoin will consolidate shortly.

Exactly. You have to take a long term view and not start crying because it drops from $30K to $27K. You have to look ahead 5 or 10 years. A cycle view at least. Prices now will be seen as a bargain in the future, just like we now see prices from previous cycles as a bargain, where a lot of people were crying because the price dropped from $1.1K to $900 and things like that.

[irhact]

the market will remain to fluctuate and it is highly unlikely that the bitcoin market will not be stable. Bitcoin rising and falling is normal in the market, so it's doesn't matter because  The market of bitcoin price will continue to speculates until infinity, invest when the price of bitcoin drops,it is a good time to increase DCA buying and return to normal when the price is out of limit or start to recovery and the of long term.But before you invest you have to understand the market and the risk involved. The price of bitcoin market is unpredictable.

The price of Bitcoin can never be stable like a stablecoin or the stable as the fiats, there will always be moment when the price of Bitcoin would increase and moment when the price begin to dump as we're experiencing at the moment. This moments are what make Bitcoin a good assets for trading as if we predict its movement accurately then we can make huge profits.

Moments when the market is dumping shoudn't be seen as a time to get worried instead we should focus all our energy on accumulating as many Bitcoin as we can while the price is down. The market won't stay down forever, soon we'll begin to see the recovery happening then a new all time high reached as well.

[BobK71]

The Fed will never be able to control the price of Bitcoin. However, their various negative initiatives may have some effect on the price of Bitcoin. I haven't seen Bitcoin's price increase in recent times. Because we believe it will take more time. And it wouldn't be surprise if the price of Bitcoin is falling down. I think buying bitcoin at 30k or below is fine. Moreover, there is no guarantee that the market will not be bullish again. I think people who haven't collected bitcoins yet should collect quickly.

[bangjoe]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Bitcoin continues to fall today until it hits the price $27.7k earlier and today bounced to a price of $28,076.61 and looks like it will continue to fall to $25K, maybe it's true what you said that we are still in an insecure position and yesterday's pump was a bat man trap maybe.
Plus the tension between Ukraine and Russia continues, the world economy is not yet stable and as you said inflation is still very high in America and even in other countries in other parts of the world are still struggling to face a situation of energy crisis and inflation.
But relying solely on indications from the Fed's decision is that an effective thing to do to continue investing in bitcoin?

[Reid]

It's a short-term rise. So what? If you are a short-term trader then it could still be profitable if you sold at the right time and avoided greed to takeover.
Is it time to buy? There's no right answer here. What if it goes upwards again? Will you say that you made a mistake? The volatility of Bitcoin market always surprises us.
Although I do agree with your points, it's difficult to input it with Bitcoin. It sometimes makes the impossible possible even though deep TA was already done. So OP, what price are you expecting where investors should buy?

[adzino]

I think I get what you are trying to say here but the thing with Bitcoin and the crypto market in general is that it's pretty unpredictable, and trying to time the market can be quite challenging and difficult. A lot of people invest in Bitcoin for the long term. For them, short-term price drops aren't that big of a deal. Some even see these dips as chances to buy more. As for waiting for the FED to cut rates, that's just one signal. You might see the exact opposite happening to what you have predicted And remember, crypto currencies are global currencies. FED doing something might cause a short term effect, but in the long term, the price should remain unaffected. Crypto can surprise even the experts, so it's better to have a balanced approach like dollar-cost averaging. It'll help you ride the ups and downs without freaking out too much. Remember, investing is a personal thing. Stay informed, do your research, and make decisions based on your own risk tolerance and goals.

[StreakW]

The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.

[TheUltraElite]

The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.

You can buy now or wait, there is not problem in the latter. Dividing the available cash at hand to buy at different low levels is a strategic option  that you can exploit when you sell at different highs. I would rather suggest to buy at the lowest lows the prices reaches, of course it is not possible to always predict and execute the trade by them. These can only be guessed by some accuracy by trading charts and their analyses but ultimately it is our own money so do your own research before investing.

Like I said, let is go down, it only confirms that we will get highly discounted prices to buy at.

[lionheart78]

So I want to remain you guys again that right now is not the time to buy bitcoin.

When the price of Bitcoin is falling, it is the right time to buy because you are buying Bitcoin at a discounted price.  It is more appropriate to say that now is not the right time to sell because of several reasons.

1. BTC price is plummetting so selling at this time might cost us losses.  Better buy instead.
2. BTC market has the tendency to uptrend so waiting a bit more is not bad.
3. It isn't a bull market yet
4. Price gets crazy after the halving so better wait for it.

@OP keeps on pushing not to buy when it is indeed the right time to buy and accumulate. 

[indah rezqi]

>snip

Believe me, you can do it for yourself but you can't force everyone to believe that your advice is the best financial advice for anyone right now. The bitcoin price is very volatile even if you find a reason, but again don't force anyone to believe your advice.

I can buy bitcoin now because I have money and I also believe the price will recover. But when I doubt the price can go down any further, then my buying strategy should be with DCA. Likewise with other users, in fact I wouldn't even say everyone would immediately blow their entire budget on one purchase, they also know that DCA-ing is useful.

[TheGreatPython]

Bros, compatriots, and fellow earthlings, lend me your auditory organs! I've got a ripping yarn about Bitcoin's rollercoaster ride.

You might think Bitcoin's latest nosedive heralds impending doom, but chillax! As a sagacious philosopher once quipped, "A coin that soars must also plunge, and who knows? Perhaps it'll skyrocket again!"

The lowdown is, nobody's got a crystal ball for this market. However, by crunching numbers and scrutinizing market trends like a boss, we can up our winning chances and make savvy calls on when to buy, sell, or hodl.

So, to all you crypto wranglers, giddy up! Keep your peepers peeled for market cues and pointers, and don't be spooked to change tack when a fresh gust blows your way.

It basically depends on one's mindset about how they see the price changes in Bitcoin and the cryptocurrency market in general. For me, I don't see the price going down as a negative point since it's basically what makes an asset profitable. It provides you with clear opportunities to get profit, imagine if there are no drops, you can never be able to buy since you won't be sure if it's the best time to buy or not.

So what I think is that these drops are basically opportunities for those who can afford to buy more and are obviously the best thing for those who are just starting out with their journey with Bitcoin and cryptocurrencies.